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                    The development of China Textile Machinery Group has always kept pace with the development of China's textile industry, and is full of its own characteristics. After the founding of the People's Republic of China, China’s large-scale textile machinery enterprises were directly managed by the Ministry of Textiles. In 1958, the state decentralized more than 20 textile machinery enterprises directly under the Ministry of Textiles to various provinces and cities.

                    On September 14, 1964, with the approval of the Party Central Committee and the State Council, 12 industries in the country’s economy were selected to pilot to build “trust” model industrial companies. The predecessor of China Textile Machinery Group, China Textile Machinery Industry Corporation, was one of pilot unit. The company is headquartered in Beijing and set up branch offices in Shanghai to directly manage the production, supply, sales, human resources, financial assets and materials of the directly owned state-owned textile machinery companies and Shanghai regional textile machinery enterprises.

                    1966, the state administrative agencies were streamlined, and China Textile Machinery Industry Corporation also ceased operations. The directly-owned enterprises and Shanghai subordinated textile machinery enterprises were all decentralized to the location of the company.

                    In 1982, with the approval of the State Council, the China Textile Machinery Industry Corporation was established, took back the originally subordinate textile machinery enterprises, except the originally subordinate textile machinery enterprises in Shanghai city, and took back part of local textile machinery enterprises.

                    In 1983, China Textile Machinery Industry Corporation undertook both the management of directly-owned enterprises and the "two functions" of the industry managment.

                    In 1988, the "Separation of government and enterprises" was implemented. The Ministry of Textile Industry established the Department of Technology and Equipment and was responsible for the industrial management functions of the textile machinery industry.The original direct-owned textile machinery company was transformed into the China Textile Machinery Industry Corporation. At this point, China Textile Machinery Industry Corporation became an economic entity of an independent legal entity.

                    In the 1990s, China National Textile Machinery Industry Corporation became one of 100 modern enterprise systems pilot enterprise in China, 56 state-owned assets authorized operating companies in the country, and 120 key enterprise groups of the State Council.

                    In 1997, China Textile Machinery Industry Corporation changed its name to China Textile Machinery (Group) Co., Ltd. and became a wholly state-owned company.

                    In December 2003, China Textile Machinery Group achieved equity diversification transformation and became a limited liability company with diversified equity.

                    In November 2005, the headquarters of China Textile Machinery Group was merged with the headquarters of the parent company China Hengtian Group Co., Ltd. and the operation management was implemented with “One Leader, Two Companies”. Since the merger of the two headquarters, the Group’s scale has grown rapidly and its business scope has continuously expanded. It has formed three main industries: textile machinery, commercial vehicles, and textile trade. It covers textile machinery, textile trade, new fiber materials, commercial vehicles and construction machinery. Financial investment, real estate, cultural creativity, asset management and other business units.。

                    In August 2015, China Hengtian Group based China Textile Machinery Group as a platform, establish textile machinery sub corporation, established the goal of “building a world-class first-class textile machinery company with international competitiveness”. It opened a new chapter of the innovation and endeavour of China Textile Machinery Group.
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